Rates for Colorado car insurance in September 2023
American National offers the most affordable alternative for
car insurance in Colorado, with comprehensive coverage costing an average of
$70 per month.
Despite the fact that car insurance is an important
purchase, finding affordable coverage in Colorado can be difficult. The
simplest way to find cheap vehicle insurance is to compare rates from various
insurers.
American National offers the most affordable auto insurance
in Colorado, with an average annual cost of $842, or $70 per month, according
to the most recent Nerd Wallet assessment of full coverage auto insurance rates
in the state. In contrast, Colorado’s full coverage auto insurance average
annual premium is $2,698, or nearly $225 per month.
Colorado’s minimal coverage costs an average of $636 per
year, but we found that you could definitely find a cheaper policy. For
instance, American National offers the most affordable rates in Colorado, with
basic coverage auto insurance for a 35-year-old driver with a perfect driving
record costing an average of $165 each year.
Are you looking for the cheapest car insurance in your area?
Nerd Wallet investigated the cost of auto insurance in several of Colorado’s
largest cities, including:
Aurora.
Denver.
Colorado’s Springs.
How we chose the Colorado companies with the best prices
Nerd Wallet’s editorial team examined the prices for car
insurance from 19 different insurers in Colorado and listed the five cheapest
options for drivers of 2020 Toyota Camry Ls across a range of age groups and
driving records. We looked at rates for minimum responsibility that correspond
to Colorado’s minimum standards. For full coverage, we used the following
coverage limits:
liability up to $100,000 per person for physical injury.
Responsibility for each occurrence of physical harm is
$300,000.
liability for $50,000 worth of property damage each event.
$100,000 in uninsured motorist protection per person.
$300,000 in uninsured motorist protection for each incident.
collision coverage with a $1,000 deductible.
comprehensive insurance with a $1,000 deductible.
Affordable auto insurance in Colorado for 20-year-olds
Drivers in their 20s may need to compare several quotes to
find the best affordable vehicle insurance. Younger drivers in their 20s could
pay exceptionally expensive rates, but as they get more driving expertise,
rates typically reduce. Because some companies regularly provide younger
drivers reduced rates on insurance, it is wise to shop around to find them.
Cheapest full coverage vehicle insurance for drivers under
20 in Colorado
For motorists with clean driving records, the following
companies in Colorado that got the lowest average rates might be worth
considering:
American National: $1,526 per year, or over $127 per month.
Colorado Farm Bureau: $2,317 per year, or about $193 each
month.
American Family: $2,897 per year, or about $241 each month.
State Farm: $2,958 per year, or about $246 each month.
Auto-Owners: $3,668 per year, or roughly $306 per month.
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American National: $373 annually, or around $31 per month.
Colorado Farm Bureau: 53 dollars a month or 639 dollars a
year.
State Farm: $909 per year, or around $76 per month.
California Casualty makes a yearly payment of $951, or
around $79 per month.
Geico: $86 per month, or $1,032 annually.
leading to
Colorado’s cheapest auto insurance for young drivers with
poor credit
For Colorado drivers with poor credit, the following insurers
provide just adequate coverage at the lowest typical costs:
Colorado Farm Bureau: $1,156 annually or $96 per month.
American National: $104 per month, or $1,253 annually.
Geico: $1,352 per year, or around $113 each month.
Farmer Insurance Association: $1,640 per year, or roughly
$137 per month.
American National: $452 annually, or around $38 per month.
Colorado Farm Bureau: $847 annually, or about $71 per month.
State Farm: $1,056 per year, or around $88 per month.
Geico: $100 per month, or $1,196 yearly.
Auto-Owners: $1,259 per year, or around $105 per month.
The companies listed below provide minimal coverage for
Colorado drivers who have recently been in an accident at the lowest typical
costs:
American National: $565 per year, or approximately $47 per
month.
Colorado Farm Bureau: $807 per year, or around $67 per
month.
State Farm: $1,281 per year, or around $107 every month.
California Casualty: $1,488 per year, or about $124 per
month.
Geico: $1,572 per year, or around $131 each month.
What is the cheapest vehicle insurance in Colorado for
drivers under the age of 20 following a DUI?
Here are the typical premiums for the least amount of
coverage from the various insurers along with the cheapest vehicle insurance
after a DUI that we could discover.
American National: $51 per month, or $610 per year.
Colorado Farm Bureau: $948 per year, or around $79 per
month.
State Farm: $1,603 per year, or approximately $134 each
month.
Progressive: $1,675 year, or around $140 per month.
Geico: $1,768 per year, or around $147 each month.
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Rates for 30 year olds to get full coverage auto insurance
in Colorado
Colorado drivers with spotless driving histories may be
eligible for the lowest costs from certain businesses:
American National: $875 per year, or around $73 per month.
State Farm: $1,387 per year, or around $116 per month.
Colorado Farm Bureau: $1,704 per year, or approximately $142
each month.
$1,890 yearly, or roughly $158 per month, is the California
Casualty.
Auto-Owners: $1,957 per year, or approximately $163 per
month.
leading to
The cheapest basic insurance for drivers under 30 in
Colorado
Drivers in Colorado who are looking for the minimum coverage
mandated by their state can get in touch with the companies listed below, who
had the lowest average rates:
American National: $169 per year, or around $14 per month.
California Casualty makes a yearly payment of $291, or
around $24 per month.
Grange Insurance Company: $303 per year, or roughly $25 per
month.
Colorado Farm Bureau: $338 per year, or around $28 per
month.
State Farm: $345 per year, or around $29 each month.
The least expensive vehicle insurance in Colorado for people
over 30 with terrible credit